BUSINESS

India approves $150 million Chabahar port plan in Iran

NEW DELHI: India approved a $150 million project to develop the strategic Iranian port of Chabahar, which includes a transit route to Afghanistan bypassing Pakistan, a government statement said on Wednesday. New Delhi signed a multi-million-dollar memorandum of understanding with Tehran last May to develop the port on its southeastern coast, but the deal had […]

India headed for slowdown, govt signals in Economic Survey

The Indian economy is poised to grow at 7 to 7.75% in 2016-17, the government said in a guarded forecast on Friday in signs that it was looking to temper expectations hemmed in by uncertain global conditions. Inflation is expected to stay in a 4.5-5% range, according to the annual Economic Survey 2015-16 tabled in […]

Div Com distributes relief among flood affected traders

SRINAGAR: Divisional Commissioner Kashmir Dr. Asgar Hassan Samoon today distributed   relief cheques among 400 flood affected traders from Srinagar and Bandipora districts.  Speaking on the occasion Dr. Samoon informed that in a phased  manner all flood affected traders will be compensated within the next ten days adding that in the initial phase only those […]

SAC approves extension of local area of JDA, revision in Master Plano

JAMMU: The State Administrative Council (SAC) which met here today under the chairmanship of Governor, N N Vohra approved the extension of the local area of the Jammu Development Authority from 288 Sq Km to 652 Sq Km extending thereby the territorial limits of Jammu Development Authority (JDA) to include 103 new villages of Jammu […]

JK Minerals auctions RSC, realises Rs 98 lakh revenue

JAMMU: Jammu and Kashmir Minerals Limited, a J&K Government Undertaking   conducted   auction of Rough Sapphire Corundum (RSC) at JawaharLal Nehru Udhyog Bhawan, Rail Head Complex, Jammu during which  as many as 67 different lots of corundum sapphire were displayed for  open auction by the bidders who had come from different parts of the […]

4 lakh man days generated under MGNREGA in Anantnag

ANANTNAG: The District Development Commissioner Anantnag, Muneer ul Islam chaired a meeting of Rural Development Department to review the implementation of various developmental schemes in the district. Expressing satisfaction over the progress achieved by the RD Department in the implementation of various developmental schemes like MGNREGA, IAY, watershed development, model villages and construction of Panchayat […]

SDM conducts market checks in Qamarwari

SRINAGAR: On the instructions of Divisional Commissioner Kashmir a market checking squad headed by Sub Divisional Magistrate Srinagar Syed Haneef Balkhi today conducted checking of various markets in Qamarwari area of Srinagar city.  During the inspection, the squad inspected markets including fruit mandi Parimpora and destroyed rotten vegetables, fruits and other adulterated food items and […]

No Hike in Rail Fares, Freight Rates

NEW DELHI: Railway Minister Suresh Prabhu on Thursday desisted from raising fares and freight rates in his second budget but promised to cut cost and exploit new sources of revenue beyond tariff as he announced three new superfast trains and completion of three freight corridors by 2019. Presenting the Railway Budget for 2016-17 in Parliament, […]

Asia’s oil markets in upheaval as China, India change the game

NEW DELHI :Asia’s oil markets are being upended as India’s and China’s refiners overtake once-dominant buyers like Japan and challenge the United States as the world’s biggest consumer. The shifts are not only establishing new trade routes but are also challenging the way oil is priced in the region as the new players push for […]

Cooperative Banks to be equipped with latest technology: Registrar Cooperative

BARAMULLA:  A meeting of the Board of Directors of Central Cooperative Bank was held at Baramulla today under the chairmanship of Registrar Cooperative, Mushtaq Ahmad Shah. Additional Deputy Commissioner, Bashir Ahmad Khan, Joint Registrar Cooperative, Managing Director Cooperative Bank Baramulla and other concerned officers were present during the meeting.  The meeting was informed that the […]

KO SUPPLEMENTS